Amkevie1

Amkevie1

triple bottom at support level, neckline has been retested !!

Amkevie1

GBPCHF has reached the potential resistance but it has been consolidating at that level for several days that led to the formation of pennant pattern therefore it is two way traffic that it might either break to the upper or lower side depending on the momentum that has favored, good confirmation is on breaking out of that pattern and retest had it been to the...

Amkevie1

Breakout of bearish pennant pattern and retested! trade will be invalid if selling momentum fails to push to the key support level

Amkevie1

Price has managed to touch the third swing point of trendline we see buying pressure is weakened trade will be invalid when trendline is broken

Amkevie1

Potential trendline has been retested after being broken !

Amkevie1

Formation of inverse head and shoulder particularly right shoulder Added advantage is that a broken trendline has been retested for more confrimation let the lower time frame confirm this!

Amkevie1

at 61% fibonacci level

Amkevie1

Clear retest structure expecting buyers to take over

Amkevie1

Reached dynamic mid range zone expecting bullish momentum!!

Amkevie1

Potential reversal pattern is about to be formed!!

Amkevie1

Broken minor support has turned to a resistance with number of rejections (reversal candlesticks) however let’s see how market gap will behave!!

Amkevie1

Potential neckline has been broken ....seeking for retest before moves to the anticipated direction Proper confrimation based on number of rejection (reversal candlestick)

Amkevie1 Updated 

For a proper confrimation neckline must be broken then retested with number of rejections (reversal candlesticks)